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Investors have lots of cash and are eager for new issuance
Investors are keen for new bonds and better rated borrowers may not want to issue in numbers
2026's lead in issuance over 2025 has shrunk since the US-Iran war broke out
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Guangzhou R&F Properties Co raised $200m from a tap of its existing bonds on Tuesday, opting to reopen an old deal amid a challenging market environment.
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Ronshine China Holdings was back in the equity market on Tuesday for a top-up placement, pocketing HK$1.1bn ($140.1m) overnight.
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Renhe Commercial Holdings is planning a HK$2.2bn ($274.3m) rights offering that will be underwritten by its controlling shareholder.
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Simon Gagey, the Southeast Asia head of loan syndicate and sales at BNP Paribas, will be relocating to Paris later this month, according to sources.
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Investors owning some $12.836bn-equivalent of Petrobras dollar and euro bonds offered to sell their notes in a tender offer before Tuesday's early bird deadline — more than three times the $4bn limit that the Brazilian oil company had set for the buy-back.
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South American development bank CAF (Corporación Andina de Fomento) has released initial price thoughts for its second visit to the euro bond market this year.
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